Define and implement a structured growth plan

Define and implement an ambitious and structured growth plan
KDC

Knowlton Development Corporation (KDC) is a leading manufacturer for the Health & Beauty industry, serving the fastest growing brands.

  • Sector Industries
  • Fund Novacap II
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Thesis

Capitalize on the current trend of players in the personal care industry outsourcing some of their manufacturing and formulation activities.

The growth is expected to come from business development with global and national brand owners, by capitalizing on the company’s available production capacity, service excellence and its innovation capabilities.

 

Novacap's value-add

KDC’s strategy is to become the largest contract manufacturer of personal products in North America through a combination of sustained organic growth and acquisitions. To implement this strategy, Novacap has set an ambitious growth plan which is comprised of several phases. The company created a dedicated group focused on new product and formulation development, which allowed KDC to redefine the manufacturing of personal care products by offering turnkey solutions, from formulation to product positioning. KDC acquired Body Blue (Ontario) and Tri Tech Laboratories (Virginia) in 2006 and made a significant investment in the construction of a state-of-the-art factory in Ohio. KDC currently manufactures for 8 of the world’s top 10 health & beauty companies.

4 strategic plansexecuted in the last 12 years
Revenue growth of630%